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and, diane, the official deadline for the fiscal cliff is december 31st at midnight when the ball drops in times square, but there's actually another deadline. the house of representatives is scheduled to go on winter break a week from friday, so really there are only 11 days to work out a plan as of now, diane. >> talk about the clock ticking down. thanks so much, jake. >>> and, of course, the president also spoke out today about the lethal stockpile of chemical weapons in the hands of the brutal regime in syria. chemicals so deadly, one drop can kill within minutes. abc's senior foreign affairs correspondent martha raddatz on these weapons and whether it means the u.s. may be forced to take action. >> reporter: the latest intelligence is alarming. officials telling abc news the u.s. is now seeing specific signs that the syrian regime may be preparing to use the chemical sarin against opposition forces. sarin is an extremely toxic substance that can kill a person in a matter of minutes with only one drop. the victims suffocated from the paralyzing effects of the toxin. this new intelli
and, diane, the official deadline for the fiscal cliff is december 31st at midnight when the ball drops in times square, but there's actually another deadline. the house of representatives is scheduled to go on winter break a week from friday, so really there are only 11 days to work out a plan as of now, diane. >> talk about the clock ticking down. thanks so much, jake. >>> and, of course, the president also spoke out today about the lethal stockpile of chemical weapons in the...
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thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern california, into portland and seattle. this is the fourth big rainmaker to hit that area in a week. and this time, it could dump up to five inches of rain and cause even more flooding and destruction. abc's brandi hitt has the latest. >> reporter: after several days of drenching rain, downed trees, flooding and rockslides, families throughout the west are finally getting a break in the severe weather to clean up. three storms have slammed through the region in less than a week, dumping up to a foot of rain in some areas. washing out entire roads. and even creating this 20-foot sinkhole in lafayette, california. the other big
thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern...
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abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in washington overnight. it is now legal to buy and possess pot. the law, though, bans public use of marijuana, like drinking in public. and it's against the wall to sell pot. the state is trying to work out a system to license growers. >>> and with that, we'll take a look -- >> you can't buy it or sell it. >> time, now, for the weather across the country. showers from portland to seattle. up to eight inches of snow in the northern cascades and rockies. mild in the nation's midsection. pop-up showers in omaha, cincinnati and louisville. and scattered showers from the carolina
abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in...
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-- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child and then himself, he said bob costas was wrong when he argued that cassandra perkins would still be alive if belcher doesn't have a gun. what next? control on cars? they are used in more homicide than guns. we need to amp up our education on certain freedoms and liberties and put larger penalties on those who abuse them, but nick, that is the point. we don't ban cars because they're potentially dangerous, but there are significant controls on their use and ownership. they're registered, licensed and you have to have train
-- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child...
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cliff, just 27 days away. people who are already having trouble finding a job are receiving a letter of warning about something to happen to them if congress can't make a deal. and abc's jonathan karl has that. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check, her lifeline. >> we won't be able to pay some of our bills, and, i mean, you know, as for christmas and things of that nature, probably off the table. >> reporter: she's not alone. without a deal, unemployment compensation will end for more than 2 million people who've been out of work for more than 26 weeks. many of the unemployed started receiving the news this week from pre-recorded phone calls, like this one in washington state. >> emergency unemployment compensation shuts off at the end
cliff, just 27 days away. people who are already having trouble finding a job are receiving a letter of warning about something to happen to them if congress can't make a deal. and abc's jonathan karl has that. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job...
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>> wait for it. >>> but first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect everyone, including the unemployed, as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensa
>> wait for it. >>> but first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect...
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cliff. this morning president obama will host some of the nation's governors to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on the top 2% of income earners. republicans counted with a 2.2 trillion dollar deficit reduction plan, 800 billion dollars in revenue, but didn't call for raising tax rates on wealthy. the proposal was quickly ejected with the white house. >>> new -- rejected by the white house. >>> new poll shows -- gallup asked americans to rate honesty and ethical standards car salesmen got lowest marks 8% marked them high or very high. congress is just above them, only 10% scored in the top two categories to be honest. journalists 24%. top of the rankings, nurses, 84% of americans gave them the highest marks and of course meteorologists right behind that >> i was going to say even though it is not darn -- not a 100% science -- [ talking over each other ] >> 100% science that has accuracy, a little less -- okay stop digging. [ talking
cliff. this morning president obama will host some of the nation's governors to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on the top 2% of income earners. republicans counted with a 2.2 trillion dollar deficit reduction plan, 800 billion dollars in revenue, but didn't call for raising tax rates on wealthy. the proposal was quickly ejected with the white house. >>> new -- rejected by the white house. >>> new poll shows --...
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beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> reporter: but now the president does not. he says it will not raise enough revenue. >> it's not me being stubborn. it's not me being partisan. it's just a matter of math. >> reporter: amidst all
beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some...
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with that they propose is a counter over for the fiscal cliff. the republican plan has will00 billion for tax freerm 900 billion in mandatory spending cuts and 300 billion in discretionary cuts. the proposal falls short of what the president wants and cannot be taken seriously. >>> we understand they don't agree with everything the president has put on the table but we haven't seen alternatives for that. they have spoken about an avenue and that challenge is welcome. republican leaders have been adamant they don't believe rates ought to go up on the top 2 percent of wealthiest americans. the american people overwhelmingly disagree. the rates have to rise and republicans need to acknowledge that. >> the major difference between the two sides is over taxing on the rich. obama wants to raise taxes on the wealthy. obama wants to eliminate deductions and close loopholes plus cut spending for entitlement programs. the president has said there can't be tax cuts for the rich at the expense of the domestic program which is frustrating for some republicans
with that they propose is a counter over for the fiscal cliff. the republican plan has will00 billion for tax freerm 900 billion in mandatory spending cuts and 300 billion in discretionary cuts. the proposal falls short of what the president wants and cannot be taken seriously. >>> we understand they don't agree with everything the president has put on the table but we haven't seen alternatives for that. they have spoken about an avenue and that challenge is welcome. republican leaders...
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on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and why so many other folks were running away. there's nobody there trying to help him off the tracks. >> he says he was trying to help. we're going to get into that. >>> also, you guys over there took advantage of the spring weather yesterday. >> yes, we did. we needed a walk. but more importantly, we needed to see our old pal, robin. we got to walk through the riverside park, as the sun was setting on a beautiful day in manhattan. it's always the case. she's always the -- >> she looks fantastic. >> she is the best med
on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's...
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january 1st, fiscal cliff getting closer. boehner the president a letter you lining the republicans' plan it took two hours for the white house to reject it, saying it benefits wealth any and sticks middle class with the bill. republicans want cuts to -- [ unintelligible ] we have quiet start here on wall street, positive, dow and s&p, nasdaq lower investors continuing to track what is going on in washington. bloomberg index this morning a little lower. another positive report on home prices up 6.3% in october biggest jump since june of 2006. pending forecast indicates november index up more than 7% in california better, up more than 9% in october. live at the new york stock exchange, i'm jane king. >> you passed on grease how about a little singing in the rain? >> [ unintelligible ] >> if mike wants to sing, go ahead. >> sing and dance. >> soft shoe over there. >> i have an umbrella for you. you -- good morning. 6:48, looking from mount tamalpais this morning back down on what is mainly cloudy to the south, turning to the no
january 1st, fiscal cliff getting closer. boehner the president a letter you lining the republicans' plan it took two hours for the white house to reject it, saying it benefits wealth any and sticks middle class with the bill. republicans want cuts to -- [ unintelligible ] we have quiet start here on wall street, positive, dow and s&p, nasdaq lower investors continuing to track what is going on in washington. bloomberg index this morning a little lower. another positive report on home...
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>> it all depends on what happens with the fiscal cliff. right now, there's boehner yelled out by his own party, the conservative part of the wing, and also the left. he's in a really, really tight spot and an ultimate binary trade. if something good happens, we'll rocket higher. if something bad happens, expect the worst right now. that's the thing right now. it's a yes or no trade. liz: congressional know it all at fox news calls it rrpublican on republican violence. hard to get a deal in the own party, special interests, the markets, whatever happens, we want to make money. where did you see the flows today? >> -- >> just a sec. we picked through the numbers, the stock is falling, of course, i'm sure making the shorts happy. clearly, looking at the stock, again, it had been up for the past two and a half weeks, but it's gotten hammered since the six month high reached six months ago. larry, quickly, though, where were the flows today that you saw? >> not many at all. i think people are talking about putting money into financials and mate
>> it all depends on what happens with the fiscal cliff. right now, there's boehner yelled out by his own party, the conservative part of the wing, and also the left. he's in a really, really tight spot and an ultimate binary trade. if something good happens, we'll rocket higher. if something bad happens, expect the worst right now. that's the thing right now. it's a yes or no trade. liz: congressional know it all at fox news calls it rrpublican on republican violence. hard to get a deal...
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12/12
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we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to the highs, so keep an eye on the dollar as well. >> okay. it sounds like it's too early to call in your view. let's look at what goldman is cowling for. they're cutting their 3, 6 and 12-month targets. do you agree with those levels where you see it going long term and short term? >> jackie, you know, the numbers we have to watch right now, i don't know if i necessarily agree with those numbers. but the numbers we're looking at right now are the numbers we have covered on this show a few times. it's 1675 to 1672. that's the big support there. if we get through that, we'll see 1600,
we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to...
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. >>> president obama is warning republicans not to use the fiscal cliff to try to win concessions on raising the nation's borrowing limit. nbc's danielle lee is live on capitol hill this afternoon where a perfect storm over spending and borrowing and taxes is shaping up here at the end of the year. danielle? >> reporter: pat, that's a good way to describe it. both sides are digging in their heels, and with no move to avoid the fiscal cliff, or to raise the debt ceiling which is currently at $16.4 trillion, now there's new concern about what could happen to our credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limits. president obama called it a dangerous lesson when he talked to business leaders today. >> the only thing that debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may refuse to raise the debt ceiling and risk defaulting on the country's loan. >> that is a bad strategy for america. it's a bad strategy for your businesses. and it is no
. >>> president obama is warning republicans not to use the fiscal cliff to try to win concessions on raising the nation's borrowing limit. nbc's danielle lee is live on capitol hill this afternoon where a perfect storm over spending and borrowing and taxes is shaping up here at the end of the year. danielle? >> reporter: pat, that's a good way to describe it. both sides are digging in their heels, and with no move to avoid the fiscal cliff, or to raise the debt ceiling which is...
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the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five people were killed in overnight flashes between supporters and opponents of egyptian president mohammed morsi. the street battles were the most violent since egypt's latest crisis erupted two weeks ago where morsi assumed near absolute power. the opposition is vowing more protests later today. >>> this morning, two australian radio hosts are apologizing for a prank call that's getting worldwide attention. it
the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be...
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we need to avoid the fiscal cliff. >> one thing you want javier to agree to, to avoid the fiscal cliff. >> we need to have the spending cuts. >> give me an example? >> well, it is looking at the spending, entitlement reform, and growth in government. the president is moving in the wrong direction. he proposed higher taxes than he ever said during the campaign, more stimulus, more spending, that's moving us in the wrong direction. >> go ahead and respond. >> how much spending cuts do we want to see? i could tally up for you right now, $3 trillion with the spending cuts that we already enacted in law in the last year and a half. $1 trillion that came from the budget control act that was passed a year ago, that said a trillion dollars has to start coming up now, and that has begun. another trillion dollars which is going to be enacted through the sequester. we still have them. and we can move forward. that's another trillion, 1.2 trillion. let me give you the other 800 billion. we cut -- democrats without a republican vote, $716 billion in -- and we found $716 billion in savings through m
we need to avoid the fiscal cliff. >> one thing you want javier to agree to, to avoid the fiscal cliff. >> we need to have the spending cuts. >> give me an example? >> well, it is looking at the spending, entitlement reform, and growth in government. the president is moving in the wrong direction. he proposed higher taxes than he ever said during the campaign, more stimulus, more spending, that's moving us in the wrong direction. >> go ahead and respond. >>...
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always there. >>> we're only 33 days away from the so-called fiscal cliff. a drastic combination of mandatory spending cuts, tax hikes that could plunge the u.s. back into a recession. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in revenue presented by secretary treasury secretary timothy geithner and stimulus and $400 billion in medicare and other entitlement savings. a permanent increase in the debt limit. >> so, let's get more on the standoff right now. joining us senator bernie sanders of vermont. he caucuses with the democrats. senator, first of all, congratulations on your re-election. thanks for coming in. republicans say, you know what, they'll be flexible, but the democrats have to be flexible, too, especially when it comes to entitlement spending. medicare, medicaid and even reform. are you open to any
always there. >>> we're only 33 days away from the so-called fiscal cliff. a drastic combination of mandatory spending cuts, tax hikes that could plunge the u.s. back into a recession. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in...
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a silver coin. >> it's going over the fiscal cliff. >> up, up, up. up, up, up, into the hand. >> yea! >> penn, in your book you talk about you cry every day. >> all the time. >> why? >> i don't know. i think -- there's a quote by bob dylan, it frightens me the awful truth of how sweet life can be. since i had my children -- my children are young, 6 and 7. i no longer can tell whether i am crying from sadness or crying from joy. they seem exactly the same. the speed at which life is speeding by us, you know. i sometimes worry. maybe the obsession with atheism comes from the fact that i worry that people spend so much time thinking about the afterlife and worry about the supernatural, they miss the glory of every day that is to be exalted. every moment looking at my children, you know, i just, i feel that, that rush of moving a billion miles an hour through life. >> is is it, enjoy it? >> yeah, all we have is love, family, and the world around us. and you know that's enough. anything else. >> and play in las vegas. >> exactly. >> penn jillette, thank y
a silver coin. >> it's going over the fiscal cliff. >> up, up, up. up, up, up, into the hand. >> yea! >> penn, in your book you talk about you cry every day. >> all the time. >> why? >> i don't know. i think -- there's a quote by bob dylan, it frightens me the awful truth of how sweet life can be. since i had my children -- my children are young, 6 and 7. i no longer can tell whether i am crying from sadness or crying from joy. they seem exactly the...
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the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look at this week, if you look at recent polls out this week, it shows that a majority of americans say if there is no deal, if we go over the fiscal cliff, they will blame republicans and not democrats or the president. you can be sure everyone is watching those polls. the debt ceiling if you can believe it, i know christine is rolling her eyes over there, the debt ceiling is becoming a part of this. >> that dialogue has been going on for quite some time now. at the en
the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next...
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but going over the "fiscal cliff" is serious business. and i'm here seriously trying to resolve it. i would hope the white house would get serious, as well. >> house speaker john boehner came out of the meeting declaring himself disappointed with the white house's proposals. he says democrats have failed to offer a specific plan for cutting spending. and sources who have been in on the talks for months say even though in public the deal seems like it won't happen, in private it is starting to take shape. here's some of the details they have given politico.com. taxes will go up about $1.2 trillion, entitlement programs mainly medicare will be cut by no less than $400 billion. there will be at least $1.2 trillion in spending cuts and war cuts. >>> another point in the "fiscal cliff" discussion unemployment a new congressional budget office report showing americans have collected more than half a trillion dollars in federal jobless benefits in the last five years. >>> a battle over an oyster farm has ended. the u.s. interior secretary ken salazar is not renewing drake's bay's oyster co
but going over the "fiscal cliff" is serious business. and i'm here seriously trying to resolve it. i would hope the white house would get serious, as well. >> house speaker john boehner came out of the meeting declaring himself disappointed with the white house's proposals. he says democrats have failed to offer a specific plan for cutting spending. and sources who have been in on the talks for months say even though in public the deal seems like it won't happen, in private it...
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that's part of the reason we want to avoid the fiscal cliff. it's actually too much deficit reduck sln too quickly in the wrong parts of the budget. you want a more thoughtful, thought out plan. on your point about the debt ceiling, we what we need is to have certainty, know where we're headed. not have multiple showdowns but the debt ceiling is only going to be increased significantly if it goes hand in hand with a big enough deal which has real changes in the budget. so the best thing we could do is put in place a balanced plan deals with all parts of the budget and really provides the kind of sense of security that households, small businesses, everybody needs to know so we can start planning for the economy and hopefully getting things growing back again. one of the things you see is that when your debt levels are as high as they are, in this country right now, that's a tamp on economic growth and can harm growth. that's the point we're at. we know that part of a growth strategy will have to be getting control of these deficits and debt and
that's part of the reason we want to avoid the fiscal cliff. it's actually too much deficit reduck sln too quickly in the wrong parts of the budget. you want a more thoughtful, thought out plan. on your point about the debt ceiling, we what we need is to have certainty, know where we're headed. not have multiple showdowns but the debt ceiling is only going to be increased significantly if it goes hand in hand with a big enough deal which has real changes in the budget. so the best thing we...
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more bluster from both sides of the fiscal cliff deal. but is there actually a deal in the making?
more bluster from both sides of the fiscal cliff deal. but is there actually a deal in the making?
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>> reporter: saying a fiscal cliff deal must include new revenues. the president pushed his plan to raise taxes on household earning over $250,000 a year. >> and i am here to tell you that nobody wants to get this done more than me. >> reporter: john boehner has a hard sell of his own with conservatives upset over his offer of $800 billion in new taxes. >> the plans the white house has talked about us this far, they could not pass either house. >> reporter: a "washington post" poll finds 53% would blame republicans if the country went over the fiscal cliff while only 27% would blame the president. >> we need new thinking and renewed efforts from all americans. >> reporter: republicans and democrats are voicing support for extending middle class tax cuts until a larger deal is found. >> which i hope they will. that that will be a victory for the american people. >> reporter: republicans, like virginia's eric cantor, said the gop has offered plans that will avoid tax hikes. >> and the proposal that we sent to the president deserves a response. >> repor
>> reporter: saying a fiscal cliff deal must include new revenues. the president pushed his plan to raise taxes on household earning over $250,000 a year. >> and i am here to tell you that nobody wants to get this done more than me. >> reporter: john boehner has a hard sell of his own with conservatives upset over his offer of $800 billion in new taxes. >> the plans the white house has talked about us this far, they could not pass either house. >> reporter: a...
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they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarth
they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard...
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who cares about the fiscal cliff? exactly ! >> steve: remember oliver twist. >> please sir, i need some more. >> steve: i do, too. well, it does seem like democrats are taking the oliver twist approach to solving the nation's financial problems. take a look at this. >> asking the wealthiest americans to pay a little more. >> asking the wealthiest americans to contribute a little bit more. >> the wealthy ought to pay a little bit more. >> the wealthy ought to pay more. >> the richest of the rich will have to pay more to solve the financial problems of this country. >> steve: i notice a trend. the problem is, they were just asking for a little bit more, those making over $250,000 a year. they're going to be hit with new taxes at the beginning of the year, regardless of whether or not a deal is reached on the so-called fiscal cliff. stuart varney has got the bad news and it's in small print of the health care reform. >> it is. under obamacare. everybody is looking at the fiscal cliff, tax the rich more for the fiscal. okay. we've
who cares about the fiscal cliff? exactly ! >> steve: remember oliver twist. >> please sir, i need some more. >> steve: i do, too. well, it does seem like democrats are taking the oliver twist approach to solving the nation's financial problems. take a look at this. >> asking the wealthiest americans to pay a little more. >> asking the wealthiest americans to contribute a little bit more. >> the wealthy ought to pay a little bit more. >> the wealthy...
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who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
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especially if we go over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of mo
especially if we go over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us....
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and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt coupled with spending cuts but the republican controlled house says the president has not responded to their latest proposal. >> i think we made a good-faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue and frankly it was the balanced approach mr. president has been asking for. erick kanter announced today there will be no adjournment into a credible solution to the fiscal cliff is found. >> house lawmakers proposed a bill today they claim will bring the costs under control and provide a safe retirement, it creates two
and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt...
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fiscal cliff, amazement and dismay. i've heard it again and again. >> toes are the two words i focused on, amazement and dismay, and my question comes is he making any changes for fedex? >> companies need clarity. and even in the third quarter gdp report you can see that companies holding back on computer purchases, on equipment purchases, because they don't know what's going to happen next year. if there's going to be a recession or not. can i tell you, not to know whether you're going to have a recession is such an uncertainty for your families. christmas spending. how do you do holiday spending if you don't know what kind of tax refund you're going to get? congress is in a sticky spot here. the mood was pretty grim in washington yesterday when i was there for that interview. a lot of folks were saying they're not making plans for the holidays. washington insiders. because they think that they're going to be doing this down to the very last minute. >> i know you were dismayed saying that typically behind the scenes, a
fiscal cliff, amazement and dismay. i've heard it again and again. >> toes are the two words i focused on, amazement and dismay, and my question comes is he making any changes for fedex? >> companies need clarity. and even in the third quarter gdp report you can see that companies holding back on computer purchases, on equipment purchases, because they don't know what's going to happen next year. if there's going to be a recession or not. can i tell you, not to know whether you're...
SFGTV: San Francisco Government Television
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but right now, what we're projecting, if the fiscal cliff and the federal sequester were enacted as it is in law, it would be about $26 million, in additional impacts to the city, and that's everything from hiv and aids services, homeless, cdbg funds for our community development block grants, it's a wide range of programs affecting kind of all -- sort of the whole range of social and public safety services that the federao government invests in through this city. so those are the kinds of concerns. it's a significant risk, i think. and that is why we looked so hard at other sources of funds for this supplemental. >> so the total on that would be 30, 32, and we have 15 reserve against it. so it's a question back to my colleagues, why are we doing this right now with this pocket of money? again fully support this money that. but why are we pulling from state reserves bh when we know we're getting a cut in a month and upwards of 30 million that we don't have allocated right now. that would be my question to my colleagues. >> president chiu: supervisor campos. >> supervisor campos: thank
but right now, what we're projecting, if the fiscal cliff and the federal sequester were enacted as it is in law, it would be about $26 million, in additional impacts to the city, and that's everything from hiv and aids services, homeless, cdbg funds for our community development block grants, it's a wide range of programs affecting kind of all -- sort of the whole range of social and public safety services that the federao government invests in through this city. so those are the kinds of...
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and trying to figure out every last move in the fiscal cliff? do you worry about that from your colleagues in the house? >> well, i've got to tell you, i've been here 18 years. this is going to be a negotiation between the president of the united states and house speaker john boehner. and so we have engaged in some charades over the last 18 years where we all like pretend to be working in our offices, but we're not doing anything to get this done because there's nothing we can do. this is going to be a discussion between the top leaders of the house and the white house. and when they signal -- sort of like the pope being elected. when the white smoke comes out of the capitol, we can come back and execute the deal. >> wow, i don't know how i feel about the whole pope reference, talking about congress. >> that's better than being sentenced to church, i guess. >> i suppose that is true. and, in fact, that's going to be our next story. steve latourette, always nice to have you. when you're in new york, we would love to have you come and sit down wit
and trying to figure out every last move in the fiscal cliff? do you worry about that from your colleagues in the house? >> well, i've got to tell you, i've been here 18 years. this is going to be a negotiation between the president of the united states and house speaker john boehner. and so we have engaged in some charades over the last 18 years where we all like pretend to be working in our offices, but we're not doing anything to get this done because there's nothing we can do. this is...
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hits the fiscal cliff. both sides are blaming each other. timothy geithner pushing the gop to offer specific ideas and predicts they will eventually yield on raising tax rates on the wealthy. house speaker john boehner standing firm against higher taxes. sgr we' >> we've put a serious offer on the table by putting revenues up there. but the white house has responded with virtually nothing. >> why does it make sense for the country to force tax increases on all americans because of a small group of republicans won't extend tax rates for 2% of americans. there's no reason why that should happen. >> democratic strategy from bgr joining us. we'll always get a standoff at some point in these negotiations. is it a terminal standoff? when does somebody blink? >> it's not a matter of who will blink or not. i think that the republicans are trying to go tit for tat with the president. you have to realize that the president has the bully pulpit and the ability to command media. so the republicans feel the need to respond to every maneuver. i think fran
hits the fiscal cliff. both sides are blaming each other. timothy geithner pushing the gop to offer specific ideas and predicts they will eventually yield on raising tax rates on the wealthy. house speaker john boehner standing firm against higher taxes. sgr we' >> we've put a serious offer on the table by putting revenues up there. but the white house has responded with virtually nothing. >> why does it make sense for the country to force tax increases on all americans because of a...
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cliff. it is a $2.2 trillion offer that does not raise the tax rate on the wealthiest americans and that has become the central issue of the negotiations. the white house says republicans still are not ready to get serious. susan mcginnis is in washington with the back and forth details. susan, good morning to you. >> reporter: good morning, terrell. gop leaders here on capitol hill sent their plan to the white house in this letter on monday, and now that both initial offers are out there, both sides say it's time to get serious. governors from six states are headed here to washington today to tell president obama their thoughts on the fiscal cliff. the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one's going to get what they want, but as a country to move forward, we've got to figure out who gives where, and if everything is going to be out on the table, how do we negotiate that? >> reporter:
cliff. it is a $2.2 trillion offer that does not raise the tax rate on the wealthiest americans and that has become the central issue of the negotiations. the white house says republicans still are not ready to get serious. susan mcginnis is in washington with the back and forth details. susan, good morning to you. >> reporter: good morning, terrell. gop leaders here on capitol hill sent their plan to the white house in this letter on monday, and now that both initial offers are out...
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cliff. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or the cliff -- over the cliff, if republicans refuse to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks to raise money but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt concerns ryan shenecki. so much so that he's the guy in the can suit, dancing gangnam style with the cochair o
cliff. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or...
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we're talking about the fiscal cliff. ruth says i've said for a long time republicans are so far to the right they're falling off the edge. i didn't realize it was a cliff they were up against. mark says i have my seat belt on and i'm ready to go over the cliff. no deal is better than a b.s. deal. and skip says the g.o.p. is on their way to wiping out the remainder of the middle class ending social security medicare and medicaid and home mortgage deductions. >> bill: so, michael, we hear that more and more from democrats that better to go over the cliff better no deal than a bad deal. do you agree? >> yeah, i do agree. it depends on how bad the deal is but there is a spectrum. >> bill: if the deal includes extending the bush tax cuts for the wealthiest of americans for another two years. >> no. that's not a deal worth making. that's just not a deal worth making. the fact of the matter is we're at a tough spot. we're caught between a rock and a hard place. we don't want to go over the cliff. if we can avoid it, the congres
we're talking about the fiscal cliff. ruth says i've said for a long time republicans are so far to the right they're falling off the edge. i didn't realize it was a cliff they were up against. mark says i have my seat belt on and i'm ready to go over the cliff. no deal is better than a b.s. deal. and skip says the g.o.p. is on their way to wiping out the remainder of the middle class ending social security medicare and medicaid and home mortgage deductions. >> bill: so, michael, we hear...
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cliff" negotiations. the republican proposal includes cutting $900 billion from medicare and reforming social security. it would also raise $800 billion in tax reforms. but the white house says the offer still favors cutting taxes for the wealthy. >> us this far, republican leaders have been adamant that they don't believe rates ought to go up on the top 2% of wealthiest americans. the american people overwhelmingly disagree. >> if the president and republicans can't come to a compromise, everyone's taxes will go up january 1. government spending will be slashed. >>> the dow lost 60. the nasdaq was down 8, s&p down 7. >>> the storms that blew through the bay area brought down many trees and that's meant a hard lesson for homeowners who were cleaning up today. cbs 5 consumerwatch reporter julie watts explains your insurance doesn't always cover fallen trees. julie. >> reporter: something many are likely learning following this weekend's storm. we received photos from across the bay area of downed trees on
cliff" negotiations. the republican proposal includes cutting $900 billion from medicare and reforming social security. it would also raise $800 billion in tax reforms. but the white house says the offer still favors cutting taxes for the wealthy. >> us this far, republican leaders have been adamant that they don't believe rates ought to go up on the top 2% of wealthiest americans. the american people overwhelmingly disagree. >> if the president and republicans can't come to a...
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. >>> let's go to washington, now, for the latest on the fiscal cliff. just 28 days until everyone's taxes are set to go up. house republicans have now sent the white house their own plan for getting america's finances under control. but both sides still far apart. abc's jake tapper is covering this from the white house. jake, the white house downplayed this new offer but will it be enough to jump-start negotiations? >> reporter: i don't think so, george. the white house advisers describe the proposal that republicans offered yesterday, as a step backward in terms of negotiations. what the outlying house republican states is $2.2 trillion in deficit reduction. that includes 1.2 trillion in spending cuts. $800 billion in new revenue. optimistic projections. and $200 billion in other measures, such as adjusting the consumer price index. but house republicans say if the president doesn't like this, it's incumbent upon him to offer a plan that can make it through the house and the senate. >> the white house says they want to see the republicans first say tha
. >>> let's go to washington, now, for the latest on the fiscal cliff. just 28 days until everyone's taxes are set to go up. house republicans have now sent the white house their own plan for getting america's finances under control. but both sides still far apart. abc's jake tapper is covering this from the white house. jake, the white house downplayed this new offer but will it be enough to jump-start negotiations? >> reporter: i don't think so, george. the white house advisers...
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we'll go off the fiscal cliff, down the fiscal slope. yes i think it will happen because it is the one way republicans can, without violating the pledge, and offending the grand inquisitor grover norquist, it's the one way they can let this happen. >> and, in fact, you know, what could happen, you can imagine a scenario where you go off the cliff on taxes, rates go up for everybody, you then vote to restore the rates for the vast majority of taxpayers, 98%, and further it is even conceivable you negotiate down the top rates in the level under bill clinton a little bit by putting in the pot offsetting deductions for credits which would allow republicans to claim some sort of victory as well. that could be a scenario where you have a consensus on the tax run. >> let's run all of this by representative xavier becerra of california. he's joining us now. nice to see you, sir 367 appreciate your time. what is really the white house dismiss kind of out of hand i mean i don't have the exact number of minutes that they had this republican proposa
we'll go off the fiscal cliff, down the fiscal slope. yes i think it will happen because it is the one way republicans can, without violating the pledge, and offending the grand inquisitor grover norquist, it's the one way they can let this happen. >> and, in fact, you know, what could happen, you can imagine a scenario where you go off the cliff on taxes, rates go up for everybody, you then vote to restore the rates for the vast majority of taxpayers, 98%, and further it is even...
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>> dylan, thanks. >>> turning now to the looming fiscal cliff. the democrats and the republicans still drawing battle lines today with the deadline for a deal drawing ever closer. mike, good morning. >> reporter: good morning, erica. here we are december 1st and exactly one month we have to go if they can get a deal to avoid going over the fiscal cliff. everybody says it's going to be an economic catastrophe if we do. an average of $2,200 in extra taxes next year for the average american family. the president has undergone a campaign style series of events. he's had ceos marching up and down the driveway here. he's got a twitter campaign. yesterday he was out in suburban philadelphia asking con stitch wa -- constituents to write in, call, do whatever they need to do to get in touch with those republicans in the house of representatives, try to get them to turn their votes. the president put his first proposal on capitol hill last week. it had $1.6 trillion in new revenues. about half of it coming from ending tax cuts for the wealthy, something th
>> dylan, thanks. >>> turning now to the looming fiscal cliff. the democrats and the republicans still drawing battle lines today with the deadline for a deal drawing ever closer. mike, good morning. >> reporter: good morning, erica. here we are december 1st and exactly one month we have to go if they can get a deal to avoid going over the fiscal cliff. everybody says it's going to be an economic catastrophe if we do. an average of $2,200 in extra taxes next year for the...
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is your company hiring and what about this fiscal cliff? how big of an issue is that for your company. >> our company absolutely is hiring. we do business in almost 50 countries. we are fortunate to provide johns all over the world but definitely in the united states we are hiring corporate positions, hourly positions, our franchise partners are hiring management employees especially through the busiest time of year, the retail season to tkpwroeu thgrow the business. as for the fiscal cliff it's frightening, but i have to have a level of faith and belief that our elected officials, and current and growing administration will figure out a way to make sure that we continue to prosper as a country and small business owners like my franchisees still have a strong and productive business climate in wish to run their businesses. jenna: i bet our viewers are probably saying, she would be good in government. do you think you'll ever go in that direction. >> you never know. i enjoy being in the private sector, investing in our communities and being
is your company hiring and what about this fiscal cliff? how big of an issue is that for your company. >> our company absolutely is hiring. we do business in almost 50 countries. we are fortunate to provide johns all over the world but definitely in the united states we are hiring corporate positions, hourly positions, our franchise partners are hiring management employees especially through the busiest time of year, the retail season to tkpwroeu thgrow the business. as for the fiscal...
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. >> what is the fiscal cliff? >> honestly, we're from new mexico, just helping out here to clean. >> no idea. >> the cliff? >> a cliff? how tall is it? >> i have no idea. >> brian: you got to ask americans. not new mexicans. what you should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this. starbucks is now introducing i guess for the holidays a $450 gift card. [ cheering ] >> starbucks, $450 gift card, yeah. it's good for two small coffees and a josh groban cd. that's what it gets you the r. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. let's see if we can get the same item at walmart f less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29
. >> what is the fiscal cliff? >> honestly, we're from new mexico, just helping out here to clean. >> no idea. >> the cliff? >> a cliff? how tall is it? >> i have no idea. >> brian: you got to ask americans. not new mexicans. what you should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this....
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cliff." the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one is going to get what they want. but we have to compromise. if everything is going to be on the table, how do we negotiate? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would cut $2 .2 trillion from the federal deficit over 10 years. but $600 billion in healthcare cuts, $300 billion in cuts to mandatory spending, and another $300 billion in cuts to other federal spending. the biggest difference between the republican plan and the president's remains taxes and how the government can generate more revenue to pay down the debt. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich bringing in 1.6 trillion. republicans want to close tax loopholes and eliminate deductions to ra
cliff." the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one is going to get what they want. but we have to compromise. if everything is going to be on the table, how do we negotiate? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would cut $2 .2 trillion from the federal deficit over 10 years. but $600...
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and the fiscal cliff. james cheeks says he is counting on congress to prevent his taxes from going up. >> scary. you know, it's scary. where is that money going to come from, you know, how am i going to pay that extra tax hike. >> reporter: one booth over, ted and gus say they don't think congress can avoid the cliff. >> i hope so, but i don't see it yet. >> if we're going to have standoffs, have that do nothing congress, it is going to be awfully toug to get anything done. >> reporter: potential effects of the fiscal cliff in rock island, illinois aren't necessarily any better or worse than in other cities around the country. the bottom line is if congress fails to act, repercussions will be felt across the country. wolf? >> ted rowlands in rock island, illinois. >>> imagine being able to use your ipad, cell phone in the air whenever you want. up next, we have details on a new government effort under way now to keep you plugged in all the time, including on takeoff and landing, while flying. stand by. ♪
and the fiscal cliff. james cheeks says he is counting on congress to prevent his taxes from going up. >> scary. you know, it's scary. where is that money going to come from, you know, how am i going to pay that extra tax hike. >> reporter: one booth over, ted and gus say they don't think congress can avoid the cliff. >> i hope so, but i don't see it yet. >> if we're going to have standoffs, have that do nothing congress, it is going to be awfully toug to get anything...